A separate code on transfer pricing under Sections 92 to 92F of the Indian Income Tax Act, 1961 (the Act) covers intra-group cross-border transactions which is applicable from 1 April 2001 and specified domestic transactions which is applicable from 1 April 2012....

India is the fastest growing and Third Largest Startup Ecosystem Globally as per NASSCOM status report 2014 and is set to become a multi billion dollar industry. Hence, it was imperative to develop a conducive environment for inflow of funds coupled with ensuring ease...

The Finance Minister, in his budget speech, has proposed many incentives to encourage entrepreneurship in India. Some of the tax measures which will be beneficial for new start-ups are as follows- 1. Optional lower tax rate for newly setup manufacturing companies: In...

—- New manufacturing companies incorporated on or after March 1, 2016 have been provided with an option either to adopt a reduced corporate tax of 27.55% (where the income exceeds Rs 1 crore but does not exceed Rs 10 crore) or 28.84% (where income exceeds Rs 10...

The introduction of GST will replace the various taxes presently being levied by Central & State Government(s). The following taxes levied by Central government will be subsumed: i) Central Excise Duty ii) Additional Excise Duty (Goods of Special Importance) iii...

We are starting an easy-to-understand series on topics related to GST, which is due to be applicable in India from 1.4.2016. What is GST ? “Goods and Service Tax (GST) is a comprehensive tax levy on manufacture, sale, and consumption of goods and services at a...